Category: Doing Business Overseas

Powersports lender ThunderRoad Financial’s chief executive, Don Hummer, says the lender is on track to “double” its origination volume by yearend as the company looks to expand, leaning on cloud-based technology to speed funding for dealers. Photo by CanStock ThunderRoad’s origination volume as of June is up year over year, largely due to its competitive…

Mastercard‘s new virtual payment solution, which is linked to the EziPay e-wallet, is set to open a payment gateway service for consumers and merchants in the Middle East and Africa (MEA) region to perform global digital transactions and connect with brands and businesses around the world. Mastercard has reinforced its collaboration with fintech operators by…

Mashreq has launched Neo NXT, a digital banking proposition for Generation NXT. Residents in the UAE, who are parents of 12–18-year-olds, will be able to empower the next generation with Neo NXT – a smart digital banking proposition. The bank account will offer Generation NXT independence over their spending, provide access to a debit card,…

A joint innovation agreement between CaixaBank and Microsoft has produced an artificial intelligence (AI) Innovation Lab, with the purpose of applying the technology to new financial solutions as well as creating new work environments within the metaverse. Located in Barcelona, the laboratory will work in coordination with Microsoft’s AI Research and Development (R&D) hub, also…

The pandemic accelerated the rise of e-commerce businesses. While startup entrepreneurs often expect growth opportunities and ‘golden mountains’ for their e-commerce business, the reality was different. Financial difficulties to make ends meet, to grow, or simply to meet demand often occurred. Obtaining sufficient capital was not as easy as it seemed, and growth concerns were…

The Fintech Times Bi-Weekly News Roundup on Thursday sees a new CTO for Yapily and a partnership for Salv and Juni. Appointments Noam Oren joins Yapily Noam Oren has joined Yapily as its new CTO. He joins after 13 years at Payoneer. His appointment follows Yapily’s recent agreement to acquire leading German open banking platform finAPI…

In auto insurance, processing a single claim event requires a multitude of smaller transactions that involve customers, lenders, collision repairers, auto manufacturers, parts suppliers, medical providers and others. These transactions hinge on an elaborate web of decisions and data, which ultimately shore up transaction costs while increasing the likelihood of fraud and claims leakage. In…

Commonwealth Bank of Australia (CBA) launches a new digital home loan refinancing service.  Underpinned by Berlin-based software-as-a-service (SaaS) cloud banking platform Mambu and developed by the bank’s venture arm x15ventures, Unloan will allow the bank’s customers to complete home loan refinancing applications in as little as 10 minutes; CBA has said. Initially limited to customers…

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